Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

EGP 1.852tn balance of local T-Bills, T-Bonds by end-March

EGP 1.158tn balance of T-Bills, EGP 694.4166bn T-Bonds, international bonds by $23.21bn…

Hossam Mounir

CIB-Egypt establishes representative office in Ethiopia

We are happy about regional presence of bank: Ezz El Arab

Hossam Mounir

President instructs enhancement of MSMEDA activities

Gamea reviews agency’s most prominent future trends to collect more funding, draft…

Hossam Mounir

NBE extends work hours to 6:00pm in 64 branches to receive tax dues

All bank branches will provide e-tax collection services during official working hours

Hossam Mounir

Is Egypt ready for Electronic Payments Law as it comes into force?

All bodies subject to this law shall comply with its provisions within…

Hossam Mounir

US dollar loses 5 piasters against Egyptian pound on Wednesday

The US dollar lost about five piasters from its value against the…

Hossam Mounir

Bank Audi plans to open nine new branches in Egypt

Bank Audi plans to expand its footprint in Egypt in 2019. As…

Daily News Egypt

CBE extends its initiative to support defaulters at ABE until June

Troubled debts up to EGP 4bn to be settled over nine months,…

Hossam Mounir

QNB Alahli achieves strong growth in net profits despite high operational expenses

Bank maintains deposit portfolio of non-interest-bearing deposits, variable-rate deposits

Daily News Egypt

Attijariwafa Bank Egypt implements $1.7bn worth trade operations in 2018

‘We aim to increase these operations by 50% this year in line…

Hossam Mounir